According to Will Ferrell and Adam McKay

I cannot dispute any film that Adam put on this list. They are all gems. That having been said, I have put together an auxiliary list that if watched, might make you say to yourself, "Wait a minute...I'm glad I watched these before I died, as well!"- Will Ferrell

I made a point of not putting in Jaws, Star Wars, Apocalypse Now, Goodfellas or any of the movies that are on every human beingâs top ten list. These are movies that I have seen 20 times each. There's also a slight chance you haven't seen every one.- Adam McKay

Goodfellas

Screw it. I lied. This movie is a force of nature and could not be kept off the list. I watch this before every movie I shoot. It's literally like going to film school in two hours. (McKay)

Election

It's so perfectly made in the way it combines the macro with the micro of society. Also, it's bitingly funny. It's blended source narration is like a Gordian knot of story telling. I am in awe of this movie. (McKay)

The Man Who Would Be King

Caine and Connery and the legacy of Alexander the Great. Plus an amazing score. (McKay)

Tin Men

I was tempted to put this number one. The greatest "men who won't grow up" movie ever made. The music is also spot on. I love Jackie Gayle's performance and the incidental dialogue: "You wanna get Chinese" "I could go for some Won Ton soup." (McKay)

Cinema Paradiso

Call me a cheeseball, but I cry like a baby every time I see this movie. Moving and poignant and Italian.(Ferrell)

Nights of Cabiria

You don't always hear this listed with Felinni's other greats but it's beautiful, sad and Gulietta Messina is astounding. (McKay)

Airplane!

I saw this six times in the theater. Laughed til there were tears in my eyes every time. If comedy is so easy why aren't there 100 movies this funny? I can think of maybe four or five that get anywhere near this. (McKay)

Series 7: The Contenders

A movie that was a good ten years ahead of its time. Went to the end game of reality TV just as it was starting but did it in a way that wasn't cheap. A gem that never got it's due. (McKay)

The Exorcist

Amazing film that scares the dick out of you without that many effects. Amazing use of lighting and scoring to build the fear.(Ferrell)

Mail Order Wife

Another gem that never got it's day in the sun. Makes the faux documentary style of The Office and Spinal Tap look cartoonish. It's dark and unhinged and creeps up on you. (McKay)

Rear Window

You could pick any Hitchcock film, but this is one of the first I ever
saw and what a fantastic premise...plus Grace Kelly. Was there anyone
more beautiful on screen?
(Ferrell)

The Sound of Music

There are five all time great songs in this movie and to top it off the
whole movie is about the anti-creative nature of nationalism.
Subversion the kids can watch!
(McKay)

Tron

Just watch this to remind yourself that this movie was actually made and that for a brief moment in time there was a Tron ride at Disneyland(Ferrell)

Flirting With Disaster

I personally don't think David Russell has ever made a bad film. This
quietly may be his best. I was tempted to pick Punch Drunk Love but
Flirting With Disaster edged it out because of Richard Jenkins nude
acid trip.

The hell with it, it's a tie. Punch Drunk Love is insanely underrated
because it dared to indulge in the most anti-American pursuit there is:
whimsy. Jon Brion's score is so beautiful I think people had to pretend
it didn't exist because it would contrast too much with their everyday
life.
(McKay)